Advanced Financial Accounting; Corporate Social Responsibility Essay

Advanced Financial Accounting; Corporate Social Responsibility - Essay Example The policy of CSR operates is self regulated and built in a mechanism in which a business ensures and monitors its compliance with the spirit of ethical standards, the law as well as international norms. When employed, CRS aims at embracing responsibility for the actions of the business and encourage desired impacts through its operations on the consumers, environment, stakeholders, communities and employees (Kvaal and Nobes, 2010, p. 180). CRS aids the business’s mission and guides it to stand for the will of its consumers. Sustainability development embraces business ethics through applying ethics that examine moral and ethical principles that are common in any business environment. CRS ensures a sustainable development approach to the business’s economic development, responsible environmental management and social progress (Luez and Verrecchia, 2000, p. 100). This follows the fact that CSR helps the organizations to have continued commitment to contribute to the deve lopment of the economy at the same time behaving ethically to improve the life quality of the employees as well as the local society and community at large. Businesses over the years have been promoted through CSR strategies now that the public, consumers and the investors expect them to be responsible and sustainable (Milllon, 1993, p. 1). In selected cases, CSR may result in a number of environmental, social and economic pressures and has been regarded as a strategy to divert the attention of interested parties from the environmental impacts and negative social impacts. The above situation has led to scholars to argue that businesses tend to tame the sustainability concept to imply that it is more than just an environmental and social engagement that businesses can be able to easily accommodate (Neville, 2012, p. 37) Businesses focus their strategies on identifying and employing CSR forms that lead to win-win situations for the wider stakeholders and business. They consider CSR as an extensions of the existing management toolkit meant to enhance shareholders wealth through offering business new opportunities and this is can be achieved through sustainable development like coming up with financial value, improving their management system, encouraging innovation, transparency to stakeholders, continuous improvement, risk awareness and enhancing reputation (Sheeba, 2011, p. 95.  ). Apart from considering CSR as a trade off or managerial distraction against profits, case proponents promote the idea of having the corporations taking charge of their social environment making it part of their main business activity. Including social considerations in the decisions of the business and employing a leadership role in social matters can also be looked at as means of promoting a light-handed strategy to regulations (Shim & Siegel, 2008, p. 81). CSR can end up reducing the future regulation prospects and be regarded as an alternative to business regulations. In such a context, CRS is hence mainly placed in the traditional framework of creating value for the owners of the business through putting more interest in the possibility of a win-win situation. Managing, understanding and responding to the expectations of shareholders can be looked at as self-interests that have been enlightened (Siegel & Shim, 2008, p. 29) Most businesses justify their approaches and strategies by referring only the positive correlations between profits, the activities of CSR and shareholders returns (Freidman, 2002, p. 63). This however should not be the case as any approach assumed by a business in relation to CSR depends on how ethical investment is defined and that

The United States economic Essay Example for Free

The United States economic Essay In trying to rescue the United States economic financial system there is a possibility of the economy to be affect by massive hangovers from the effort of the government to prevent the accumulation of debt. The government instead has found a swift way of stimulating the economy through the financial bailout. The government wishes to take a mountain of accumulated debts due to bad loans caused by financial institution as a result of subprime mortgage lending. The debt is worth $700 billion of money. To have this debt clear under the bailout bill so that the economy can be stimulated to grow, the united government had no other option other than borrowing. For the borrowing to be successful, it had be done when the there is soaring of the federal budget deficit. The deficit for the year 2008 was expected to increase by $407 billion which was double the imbalance for year 2007 worth $161. 5 which indicated a slowdown in the economy. However, as from 2008 up to now, $168 billion programs of economic stimulus are already doing in the books of government. The passed congress legislation gave authority to have the Fannie and Freddie be rescued which resulted into the boosting of national debt. The legislation the administration late authorized the bailout financial system (Bernanke, 2008, 1). The implementation of the financial bailout as an economic stimulus has caused a lot of concern on what long term affects it poses to the United States economy. The issue here is, as the government is borrowing to offset the already existing debt, the debt instead is expanding from time to time. To pay the national debt interest the government is spending not less that $400 billion each year. As the debt increases, the cost of government borrowing also goes up and therefore leading to some of the indented programs in settling that existing debt to be awarded less money. Due to financial crises of the year 2008 the Federal Open Market Committee (FOMC) has eased the stance of the monetary policy. The FOMC has consistently relaxed the monetary policy which has stabilized the prices giving hopes to increase of economic slack and flattering-out of the energy prices. FOMC after the implementation of the monetary policy anticipates the economic strengthening over this quarter as the previous lagged monetary policy action effects, amid improvement of the conditions of financial market has starts to provide extra spending and stabilization of the housing activities. Despite the implementation of the monetary policy in the year 2007 and up to the early 2008 the economic growth slowed sharply. In 2007 the restrain on activities concentrated on the housing sector, where as in year 2008 the other sectors of economy began to experience this. The prices of commodities have remained high for the whole year causing consumer price inflation (Bernanke, 2008, 23). The demand on houses, construction of residential home and prices of homes have fallen sharply in the year 2008. In the first few months of 2008 the delinquency rate continued to go down across all mortgage loans. New subprime mortgage loans has been highly unavailable for that year making the borrowers to experience high risk of credit which had to go for the guarantee programs offered by the government. Due to this, the Federal Reserve with the other stakeholders is now committed to come up with a solution that will prevent the foreclosure of the houses. The Federal Reserve is committed to offer an environment that gives support to goals of the homeownership of giving loans to borrowers who are creditworthy with ideal protection of the consumer and responsible practices of lending. On the issue of consumer spending has been going down for the whole of 2008 which is an indication of restrained influence. The real labor income growth rate has gone down ass the prices of energy and food, and conditions of labor market continue to weaken. This has affected the consumer purchasing power. In addition to this, it has been difficult for consumers to borrow as the standards and the terms have been tightened. This has led to deterioration of the quality of the overall credit of consumer loans (Bernanke, 2008, 30). On the side of business sector, the financial and economic conditions that influence spending of capital have appreciably deteriorated. During the months of 2008 the real outlay for business software and equipments were flat. The inventories have decreases irrespective of sluggish final sales making the firms to act promptly to prevent the imbalances of inventory from arising. The United States corporate profit during the same time was very low. The weakening of corporate profit and tight conditions of credit has resulted to slow down of business investment. Loans of Commercial and Industrial at banks in the firs months of 2008 briskly expanded. In the same period the quality of credit in nonfinancial corporations remained solid. As a result of this banks tightened the standards of credit on commercial loans of real estates. To conclude, the economic stimulus act is approximated to result to rebates worth $115 billion which will be sent to the households by the end of 2009 (Bernanke, 2008, 35). Work cited Bernanke Ben. Monetary Policy Report to the Congress. Washington, D. C. , July 15, 2008, pp. 1-42

Free King Lear Essays: The Element of Disguise :: Essays on King Lear

King Lear - The Element of Disguise The play â€Å"King Lear† is, first of all, a play about kingship. Lear is a trusting king, every inch a king, who in his old age brings destruction to himself, certain persons in his own circle, and to his country. â€Å"King Lear† is a play which tears off the outer coverings of human character. Pious and innocent-seeming people who are villainous, are revealed in their true nature, and the similar is disclosed for what it is, as it works destruction. This is done in a world in which most men are constantly seeking their own advancement, a court where flatterers are always lurking, and in which a king should be constantly wary and careful to follow the advice of such honest men as Kent. Within the first two acts of â€Å"King Lear†, the element of disguise is established. The king's two daughters, Regan and Goneril, use flattery as a disguise. They conceal their true feelings, conspiring to take over the land. Goneril says: Sir, I love you more than word can weild the matter; Dearer then eyesight, space, and liberty; . . . Beyond all manner of so much I love you. (II 56-63) Regan speaks: I am made of the same metal as my sister, And prize me at her worth. In my true heart I find she names my very deed of love, Only she comes too short, that I profess Myself and enemy to all other joys Which the most precious square of sense possesses, And find I am alone felicitate In your dear Highness' love. (II72-80) Clearly, the daughters’ words are loaded with flattery. The third daughter, Cordelia, cannot wear the mask that the other two wear, "I love your Majesty According to my bond, no more nor less." (II 97-98) It is for this reason that Cordeila is banished from the kingdom. An obvious example of disguise is with the Earl of Kent, as he enters the play as Tom of Bedlam. Even though he was exiled from the kingdom, he has returned to protect Lear. His great loyalty to the king, forces Kent to risk his life in order to deceive Lear. Lear : What art thou? Kent : A very honest-hearted fellow, and as poor as the king. (I, IV, 18-20)

If I Could Change the World Essay

Life is the most complicated thing imaginable. From the complex Human body, to thesmallest unit of life, the atom. From events that change the world to time wasting responsibility.The easiest thing to say as to what i would like to change in life would be all the bad things. Itwouldn t be only the easiest but whats expected from everyone. Heroes of the world didn taccomplish all they accomplished in their lives by doing whats wrestling The topic I have chosen to write about is the world of professional wrestling. My goal is to persuade you the reader that there is more to the wrestling industry †¦ expected . They followed theirown paths, through good and bad times they stuck through to make the world what it is today. Which brings me to my decision of what i would change in life. Nothing. Nothing should be changed. Could you imagine what your life would be like without theevents you regret the most not happening? For example, a few years back i fell off my bike andbroke a permanent tooth in half. King Of Handcuffs King of Handcuffs The man known world wide as the most famous magician of all time, Harry Houdini, was born March 24, 1874 in Budapest. Although Houdini often claimed to †¦ I went to the dentist that afternoon and he told me there wasnothing he could do but cement a cap on it that looks very similar to my real tooth. If i had achoice to go back and change this, i wouldn t. The things i learned from this, the experience isoaked in from just falling off my bike, was incredible. My Caution about any dangeroussituation doubled. I dont take the little things like having climatic change I. SUMMARY: This paper looks at the controversial issue of climatic change. In particular, it develops the question of if and why earth’s climate is changing? The roles †¦ a real tooth for granted. So manythings were learned by me and others from a bad happening, i would never want that taken away from me. Imagine a world with a non-existent Hitler. Wonderful you would think, right?

International Relations Essay

International relations (IR) is the study of relationships among countries, the roles of sovereign states, inter-governmental organizations (IGO), international non-governmental organizations (INGO), non-governmental organizations (NGO), and multinational corporations (MNC). International relations is an academic and a public policy field, and so can be positive and normative, because it analyzes and formulates the foreign policy of a given State. As political activity, international relations dates from the time of the Greek historian Thucydides (ca. 460–395 BC), and, in the early 20th century, became a discrete academic field (No. 5901 in the 4-digit UNESCO Nomenclature) within political science. However, international relations is an interdisciplinary field of study.[3] Besides political science, the field of international relations draws intellectual materials from the fields technology and engineering, economics, history, and international law, philosophy, geography, and social work, sociology, anthropology, and criminology, psychology and gender studies, cultural studies and culturology. The scope of international relations comprehends globalization, state sovereignty, and international security, ecological sustainability, nuclear proliferation, and nationalism, economic development and global finance, terrorism and organized crime, human security, foreign interventionism, and human rights. History The history of international relations can be traced back to thousands of years ago; Barry Buzan and Richard Little, for example, consider the interaction of ancient Sumerian city-states, starting in 3,500 BC, as the first fully-fledged international system.[4] The official portraits of King WÅ‚adysÅ‚aw IV dressed according to French, Spanish and Polish fashion reflects the complex politics of the Polish–Lithuanian Commonwealth during the Thirty Years’ War The history of international relations based on sovereign states is often traced back to the Peace of Westphalia of 1648, a stepping stone in the development of the modern state system. Prior to this the European medieval organization of political authority was based on a vaguely hierarchical religious order. Contrary to popular belief, Westphalia still embodied layered systems of sovereignty, especially within the Holy Roman Empire.[5] More than the Peace of Westphalia, the Treaty of Utrecht of 1713 is thought to reflect an emerging norm that sovereigns had no internal equals within a defined territory and no external superiors as the ultimate authority within the territory’s sovereign borders. The centuries of roughly 1500 to 1789 saw the rise of the independent, sovereign states, the institutionalization of diplomacy and armies. The French Revolution added to this the new idea that not princes or an oligarchy, but the citizenry of a state, defined as the nation, should be defined as sovereign. Such a state in which the nation is sovereign would thence be termed a nation-state (as opposed to a monarchy, or a religious  state). The term republic increasingly became its synonym. An alternative model of the nation-state was developed in reaction to the French republican concept by the Germans and others, who instead of giving the citizenry sovereignty, kept the princes and nobility, but defined nation-statehood in ethnic-linguistic terms, establishing the rarely if ever fulfilled ideal that all people speaking one language should belong to one state only. The same claim to sovereignty was made for both forms of nation-state. (It is worth noting that in Europe today, few sta tes conform to either definition of nation-state: many continue to have royal sovereigns, and hardly any are ethnically homogeneous.) The particular European system supposing the sovereign equality of states was exported to the Americas, Africa, and Asia via colonialism and the â€Å"standards of civilization†. The contemporary international system was finally established through decolonization during the Cold War. However, this is somewhat over-simplified. While the nation-state system is considered â€Å"modern†, many states have not incorporated the system and are termed â€Å"pre-modern†. Further, a handful of states have moved beyond insistence on full sovereignty, and can be considered â€Å"post-modern†. The ability of contemporary IR discourse to explain the relations of these different types of states is disputed. â€Å"Levels of analysis† is a way of looking at the international system, which includes the individual level, the domestic state as a unit, the international level of transnational and intergovernmental affairs, and the global level. What is explicitly recognized as international relations theory was not developed until after World War I, and is dealt with in more detail below. IR theory, however, has a long tradition of drawing on the work of other social sciences. The use of capitalizations of the â€Å"I† and â€Å"R† in international relations aims to distinguish the academic discipline of international relations from the phenomena of international relations. Many cite Sun Tzu’s The Art of War (6th century BC), Thucydides’ History of the Peloponnesian War (5th century BC), Chanakya’s Arthashastra (4th century  BC), as the inspiration for realist theory, with Hobbes’ Leviathan and Machiavelli’s The Prince providing further elaboration. Similarly, liberalism[6] draws upon the work of Kant and Rousseau, with the work of the former often being cited as the first elaboration of democratic peace theory. Though contemporary human rights is considerably different from the type of rights envisioned under natural law, Francisco de Vitoria, Hugo Grotius and John Locke offered the first accounts of universal entitlement to certain rights on the basis of common humanity. In the twentieth century, in addition to contemporary theories of liberal internationalism, Marxism has been a foundation of international relations. Study of IR Flags of the member states of the United Nations Initially, international relations as a distinct field of study was almost entirely British-centered. IR only emerged as a formal academic ‘discipline’ in 1919 with the founding of the first ‘chair’ (professorship) in IR – the Woodrow Wilson Chair at Aberystwyth, University of Wales (now Aberystwyth University[7]), from an endowment given by David Davies, became the first academic position dedicated to IR. This was rapidly followed by establishment of IR at US universities and Geneva, Switzerland. In the early 1920s, the London School of Economics’ department of international relations was founded at the behest of Nobel Peace Prize winner Philip Noel-Baker, and was the first institute to offer a wide range of degrees in the field. Furthermore, the International History department at LSE, developed as primarily focused on the history of IR in the early modern, colonial and Cold War periods. The first university entirely dedicated to the study of IR was the Graduate Institute of International Studies (now the Graduate Institute of International and Development Studies), which was founded in 1927 to form diplomats associated to the League of Nations, established in Geneva some years before. The Graduate Institute of International Studies offered one of the first Ph.D. degrees in international relations. Georgetown University’s  Edmund A. Walsh School of Foreign Service is the oldest international relations faculty in the United States, founded in 1919. The Committee on International Relations at the University of Chicago was the first to offer a graduate degree, in 1928. Now Universities in USA, UK, Europe, India, Kazakhstan, Brazil, Australia, Canada, Africa, Russia, Indonesia offer Graduate, Post-Graduate & PhD degrees in IR. Theory Main article: International relations theory Normative theory In the academic discipline of International relations, Smith, Baylis & Owens in their Introduction to Smith, Baylis & Owens (2008)[8] make the case that the normative position or normative theory is to make the World a better place and that this theoretical worldview aims to do so by being aware of implicit assumptions and explicit assumptions that constitute a non-normative position and align or position the normative towards the loci of other key socio-political theories such as political Liberalism, Marxism, political Constructivism, political Realism, political Idealism and political Globalization.